Binance, the world’s largest crypto alternate, is poised to lose its means to serve EU purchasers after its Greek MiCA license utility faces rejection, Reuters reported on June 16, 2026.
Two sources aware of the matter advised Reuters that Greece’s Hellenic Capital Market Fee (HCMC) is about to show down the applying. The choice, if finalized, would block Binance from working throughout the 27-nation bloc as soon as MiCA’s transitional interval ends on July 1, 2026.
Main Regulatory Setback for Binance
Below the EU’s Markets in Crypto-Property (MiCA) framework, a single license grants passporting rights for seamless operations throughout member states.
With out approval, unlicensed platforms should halt companies to keep away from enforcement actions, fines, or blacklisting by nationwide regulators.
Binance submitted its utility in January 2026 via a Greek subsidiary, citing the nation’s expert workforce and safety benefits.
Co-CEO Richard Teng highlighted these strengths in February, expressing confidence in assembly the deadline.
“Greece’s labour pressure and safety profile gave it the sting over bigger monetary centres… The license is fairly customary all through Europe, so we’ve to suppose via many different components, whether or not it’s social, whether or not it’s expertise pool, security and safety points. Greece is the place we predict might be a very good base for us to broaden in Europe.”
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Binance Pushes Again
A Binance spokesperson reportedly advised Reuters the alternate “has labored constructively with regulators over the previous 18 months” and believes it has met all MiCA necessities.
The corporate famous that HCMC accomplished its evaluation and located the applying compliant, including that “HCMC has given no formal indication of the opposite.”
HCMC declined to remark, citing confidentiality guidelines.
Europe represents a big marketplace for Binance. The looming cutoff comes amid heightened regulatory scrutiny on international crypto platforms.
Rivals with authorised MiCA licenses, akin to Coinbase and Kraken, stand to realize customers in search of compliant buying and selling venues.
BNB token and broader crypto markets could face short-term volatility as merchants digest the information.
No formal rejection has been introduced but.
Binance continues participating with regulators, whereas EU customers ought to monitor platform updates concerning deposits, buying and selling, and withdrawals after July 1.
An official HCMC resolution or Binance enchantment might nonetheless shift the result within the coming days.
The publish Binance Reportedly Denied MiCA By Greece, No EU License for the World’s Largest Alternate appeared first on BeInCrypto.